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Nov 29, 2012
11/12
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how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small business
how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an...
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Nov 29, 2012
11/12
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CURRENT
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we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform and other ways that revenue can be generated. it looked like congressman defazio was paining a picture of how we can confront that early next year. >> eliot: he's one of our favorites. i don't think he speaks yet unfortunately for the mainstream, i wish he did. >> right. >> eliot: i don't think he does, but i think it's interesting when you hear what eric cantor says and even john boehner. they still will not discuss raising rates. they're willing to go there the charade of loophole closing and this and that, but none of which gets us where we need to be. >> right. it is amazeing to
we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform...
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Nov 28, 2012
11/12
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on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spending in this countryand we have seen no proposal from the president when it comes programs and getting them on athere is a solution out there, solution is to raise taxes on the very people that we're looking to to lead us out of time. >> the president says he is focused on jobs and growth and what republicans are committed to is providing good jobs for working families. and one of the ways we are going to do with the keystone xl pipeline. we joined nine democrat colleagues to write a letter to the president to ask him to meet with us to focus on keystone xl pipeline. wonderful way to do it. talking about 20,000 jobs and the additional jobs related to the direct jobs of the pipeline. focuses on jobs and allow us to continue to produce goods and services in the united states. president, if he truly is focused on jobs and growth should be embracing today and should not continue to delay. >> at the very time we ought to be finding ways to cooperate
on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spending in this countryand we have seen no proposal from the president when it comes programs and getting them on athere is a solution out there, solution is to raise taxes on the very people that we're looking to to lead us out of time. >> the president says he is focused on jobs and growth and what republicans are committed to is providing good jobs for working families....
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Nov 24, 2012
11/12
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FBC
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net net is no good long-term efeffects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of interest rates and blended out on a long end meaning the consumer will pay off higher interest-rate and banks make the spread. interest rate curve is not even occur but a flat board. and to be a little more conservative with lending and ben bernanke saying no banks, led to everybody to comes to your door. gerri: we saw how well that worked out last time it happened. >> that is one of the problems we had in 2007-2008 and even in the late 90s and early 2,000s. banks lend to everybody
net net is no good long-term efeffects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they...
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Nov 25, 2012
11/12
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what kind of an effect would that have on the economy and working people? >> we have been doing education on the impact. we expect millions of layoff notices. we think that there will be an overreaction by employers to try to imply more political pressure -- apply more political pressure. if we cannot achieve the goal of getting more revenue on the table, we will have to walk through that crisis. the way people react is, it has been bad enough. if there is a little bit more chaos, so be it. we know how to rally as the country, just like sandy show ed. in order for us to get back to some way of fairness, we will have to weather the storm. the republicans think, if we push this into the new year, we will have a debate over the debt ceiling, and the leverage will be back in our court again. how do you sit? >> they have a choice right now to pass the extension of the middle-class tax cuts. they are going to cause the problem for the majority of americans by not securing economic security for the metal. i do not agree with that -- middle. i do not agree with tha
what kind of an effect would that have on the economy and working people? >> we have been doing education on the impact. we expect millions of layoff notices. we think that there will be an overreaction by employers to try to imply more political pressure -- apply more political pressure. if we cannot achieve the goal of getting more revenue on the table, we will have to walk through that crisis. the way people react is, it has been bad enough. if there is a little bit more chaos, so be...
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Nov 21, 2012
11/12
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CNBC
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is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people built enormous empires and wealth and they didn't go away and they didn't go into other sectors to avoid that capitol gains tax. it was 20%. all we are looking to do is roll back the bush tax cuts which we couldn't afford. and the last ten years are clear evidence that we couldn't afford that. i would put in that he worked well with newt gingrich. but i want to add one point. when you say we need to go back to the clinton tax rates. you have the bamcare taxes. you have a 0.9% payroll tax increase. so you are going to go way past the clinton rates and up t
is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people...
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Nov 29, 2012
11/12
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CNBC
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>> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a
>> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the...
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Nov 28, 2012
11/12
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in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a healthy majority. indeed, even some republicans appear to be under sway, by the force of reason. >> in my view, we all agree we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases. try to continue to work honestly for a much bigger deal. >> oklah
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's...
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Nov 26, 2012
11/12
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economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >
economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the...
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Nov 28, 2012
11/12
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it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go up for every american on december 31st. if we can make sure that doesn't happen for 98 percent of them and continue to fight for the other 2 percent, that makes a lot of sense and the american people will listen to us in that discussion if they know their taxes aren't going up. we will win the argument. i do believe most people understand raising tax rates is bad for the economy, it costs jobs, it actually in the long term undermines revenue. right now, everyone's
it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying...
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Nov 28, 2012
11/12
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having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male
having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought...
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Nov 27, 2012
11/12
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athe economy matters and the first thing we have to do is get our fiscal house in order so the economy can grow and people can find jobs my assumption is the legislation i oppose will pass today. i pledge myself to my kansas constituents that i will work hard to see that every dime that is possible to be saved occurs and i will redouble my efforts to see we grow the economy and put americans back to work. the revenues we need to balance our books are not increases in taxes. we need a strong and growing economy so every american today can put food on their family's table and prepare for our own retirement and we are blessed to see every american child be able to pursue the american dream. >> to say the legislation before us is not ideal is surely an understatement. the notion that our deficit problem can be solved solely by our federal spending, flies in the space -- in the face of our experience. tax cuts for the wealthy and egregious tax loopholes are significant culprits in our fiscal crisis. i believe too many republicans are influenced by an ideology so extreme that it promises to
athe economy matters and the first thing we have to do is get our fiscal house in order so the economy can grow and people can find jobs my assumption is the legislation i oppose will pass today. i pledge myself to my kansas constituents that i will work hard to see that every dime that is possible to be saved occurs and i will redouble my efforts to see we grow the economy and put americans back to work. the revenues we need to balance our books are not increases in taxes. we need a strong and...
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Nov 29, 2012
11/12
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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Nov 21, 2012
11/12
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we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it's clear that if we don't solve this problem, if we have the fiscal cliff, if we go over at the end of the year, that we go back into a recession, why would boehner be doing this? i mean, you look at the polls. 49% people polled say keep or expand obama care. only 33% say repeal it. that's the lowest percent for repealing the law since march 10th of 2010. so why would boehner even play with this. >> he's afraid of the special interest. remember, they were spending $14 million a day to lobby against obama care, which i'm glad we've embraced that term. the reality is the special interests who don't want to pay any tacks or as little as they can, who don't want to reform health care. they are still there. all of those guys who signed those pledges for grover norquist, they are still around. i think the and tea party
we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it's clear that if we don't solve this problem, if we have the fiscal cliff, if we go over at the end of the year, that we go back into a recession, why would boehner be doing this? i mean, you look at the polls. 49% people...
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Nov 28, 2012
11/12
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economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger problem is the flip side. they match that. now we realize people don't save. that is central for along time. that is the thing we never fixed and that is driving of affect we have financial problems and the fact we have big problems, return to financial messes going up worldwide for cost of labor everywhere, americans don't have anything to take advantage of. equally wide. we will fight a land war in asia over tax issues we will never fix the inequality problem if we don't get ahead. >> steve? >> there are a lot of issues we need to
economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger...
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Nov 29, 2012
11/12
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and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are nolts the way to get things done here in washington. majority leader and i just had a meeting with the treasury secretary. it was frank and it was direct. i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president really is willing to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday our leadership t
and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on...
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Nov 27, 2012
11/12
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it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up, not too bad a number. chain store sales for the week ending saturday, including black friday. the best saturday or week ending saturday after thanksgiving that i could find back to 1990. case-shiller home prices continue their march upward. look at consumer confidence and the cliff. i want to show you the two-year chart heerz that dip you see in the middle of your screen there, that is the last debacle, the debt ceiling debacle. can't see it here yet. so you don't get excite about the numbers, give you a longer view whether it should be if these were normal times, see there off to your left, 85s, 90s, 1
it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up,...
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Nov 22, 2012
11/12
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CNNW
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. we find the best, sweetest craforelobste that we can find. [ malennounc ] it'ti focrabfestt red lobster! his ar, y 1 of 5ntrees like our ne crab d garlic shri. half-pou otender crab pair with savory shrimp. st 12.99. odig into our hearty crab and roasted garlic seafood bake all with salad and unlimited cddar bay biscuit so much to choose from, so ittle time. so come into red lobster for abfest today and sea food differentlrom, so ittle time. >>> our third story, tax the rich. well, no, actually, a really big difference. tax the wealthy. think about it this way. if your income, what you earn going to work every day puts new the top 2%, you know, maybe you're not wealthy. wealth is something you build over time. it shows itself in the form of super expensive assets, massive mansions, boats, art work, expensive w
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. we find the best, sweetest craforelobste that we can find. [ malennounc ] it'ti focrabfestt red lobster! his ar, y 1 of 5ntrees like our ne crab d garlic shri. half-pou otender crab pair with savory shrimp. st 12.99. odig into our hearty...
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Nov 29, 2012
11/12
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CNNW
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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Nov 25, 2012
11/12
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very sophisticated pieces of equipment which, truthfully, impact our domestic economy. the truth of the latter is the discussion of our budget, having put many budgets together, is not a discussion just about money. it is a discussion about priorities and balance. when you talk about where the deal is to be made, the sequester includes deep cuts in the military. many on the right and many in communities where there are large military contractors that employ a lot of people will bargain to avoid those military cuts. what we have to say as a nation is, it is important that we prioritize education, infrastructure right along side of trying to have security from having a strong military. we have to realize that we have to talk about the military budget in a way where we say, it is possible to have a safe and secure nation and not necessarily have to spend more than the tent next largest military spending nations -- next 10 largest military nations combined. we cannot get to where we need to go unless military and tax expenditures are on the table. everyone says you need to
very sophisticated pieces of equipment which, truthfully, impact our domestic economy. the truth of the latter is the discussion of our budget, having put many budgets together, is not a discussion just about money. it is a discussion about priorities and balance. when you talk about where the deal is to be made, the sequester includes deep cuts in the military. many on the right and many in communities where there are large military contractors that employ a lot of people will bargain to avoid...
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Nov 28, 2012
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i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who...
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Nov 29, 2012
11/12
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FBC
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this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
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Nov 28, 2012
11/12
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MSNBCW
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the goal here is to grow the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> so, joy, boehner is not exactly ready to go along with the american people, it seems. >> i think what you just saw there, rev, was a man waiting for bated breath on january 3rd, hoping that every day gets shorter and shorter and shorter as long as we're still in the lame duck congress and tea party members are still there. i think john boehner still has an ounce of fear that he will lose that vote. so he's always watching his right flank. i think boehner will be in a stronger position if we get to january 3rd and there isn't a deal and he can force a deal on his tea party members but this is a guy who still has to message to the right. this deal would have to be made by the congress that just lost the election, the congress headed by the tea party. and it's iron ironic that it lost the election but boehner has to cling to it
the goal here is to grow the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> so, joy, boehner is not exactly ready to go along with the american people, it seems. >> i think what you just saw there, rev, was a man waiting for bated breath on january 3rd, hoping that every day gets shorter and shorter and shorter as long as we're still in...
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Nov 29, 2012
11/12
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MSNBCW
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. >> we absolutely want to avoid going over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day said we should agree with the president. so let's get that done. let's not hold the middle class hostage to getting a bonus tax break for folks at the top. so it was great to hear tom come forward on that. obviously he's taken some heat within his caucus, but that would obviously avoid the fiscal cliff. >> congressman chriss van hollen, thanks so much. appreciate it. >>> so he mentioned tom cole. let me play what he had to say. >> the president is willing to accept 80% of the bush tax cuts for 9d 8% of the american peopl and make them permanent, we should do that and continue to fight for the things we believe in. >> so
. >> we absolutely want to avoid going over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day...
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Nov 29, 2012
11/12
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KRCB
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the federal reserve said the economy is growing at a steady pace. the central bank's beige book report out today showed small gains in hiring and consumer spending, but manufacturing activity slowed down. now, in a separate report, new home sales fell slightly in october, down just 0.3% compared to september and below expectations. the median home price was $237,700, lower than a month earlier. and investors were encouraged by news from spain about a deal to clean up its struggling banking sector. the dow gained 107 points, the nasdaq finished higher by 24, the s&p 500 was up 11. john manley is chief equity strategist at wells fargo advantage funds. >> tom: john, you just heard the c.e.o. at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are y
the federal reserve said the economy is growing at a steady pace. the central bank's beige book report out today showed small gains in hiring and consumer spending, but manufacturing activity slowed down. now, in a separate report, new home sales fell slightly in october, down just 0.3% compared to september and below expectations. the median home price was $237,700, lower than a month earlier. and investors were encouraged by news from spain about a deal to clean up its struggling banking...
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Nov 29, 2012
11/12
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FOXNEWSW
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if the economy, does the economy rapidly improve? there are a lot of different factors but by and large people act rationale if they know those stocks going to get hammered, you will pay extra taxes you shy away from the stocks and why warren buffett has the bully puppet, i know he is a billionaire but he is a speculator and a political mouthpiece of the administration and it is tiring listening to this guy like he is the greatest economic mind we have? come on. >>neil: you are going --. >>guest: he hat made his share of mistakes, remember that sleazy deal? >>neil: we say the dividend rate could go to the top, whatever the income rate could be the rate you pay on taxes. the rumble over ronald, the unions going after the fast food powerhouse but why you could be the one getting kicked. we bel, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar tra
if the economy, does the economy rapidly improve? there are a lot of different factors but by and large people act rationale if they know those stocks going to get hammered, you will pay extra taxes you shy away from the stocks and why warren buffett has the bully puppet, i know he is a billionaire but he is a speculator and a political mouthpiece of the administration and it is tiring listening to this guy like he is the greatest economic mind we have? come on. >>neil: you are going --....
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Nov 29, 2012
11/12
by
CNNW
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. sfx- "sounds of african drum and flute" look who's b
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley....
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Nov 25, 2012
11/12
by
CSPAN2
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eye 119
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and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if we do not solve this problem, we will have an economic catastrophe that will make the 2008 financial crisis a footnote in the history books. anyone remember the 2008 financial crisis? that's coming not from some columnist or journalist, that is coming from well-informed secretary of the treasury. you think about this, there is a value in running scared. if you think about after 9/11, the terrorist attacks, one thing the country did collectively is they set up tsa, the screening at airports. there are all kinds of work, very sig
and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if...
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Nov 24, 2012
11/12
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KQED
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that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happe. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe the people of boeing are working together. to build a better tomorrow. >> that's why we're here. >> this rock has never stood still. since 1875, we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years, from insurance to investment management, from real
that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happe. from our nationas capital, this is "washington week with gwen ifill." produced in association with...
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Nov 22, 2012
11/12
by
MSNBCW
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eye 89
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they were buying into fearmongering about the economy and the effects of the affordable care act. once president obama won a resounding re-election victory, they stuck to the republican script, but they saw they could potentially take a financial hit by making these threats. it's not worth the risk to the bottom line, to be so political. didn't the ceo of papa john's realize that maybe democrats eat pizza as well? joining me tonight, the political editor of the progressive magazine, ruth connif, and john nichols of "the nation" magazine. john, aren't these leaders figuring out they're going to take a hit to the bottom line, when you choose to be political like this, over their business that really has nothing to do with the politics. what do you think? >> sure. it's one of the first lessons in business school. stay out of politics, as regard to your marketing. they can certainly give contributions and they often do. but i really think what happened with the folks at papa john's and this denny's franchise was that they just fell behind the pattern here. the affordable care act has
they were buying into fearmongering about the economy and the effects of the affordable care act. once president obama won a resounding re-election victory, they stuck to the republican script, but they saw they could potentially take a financial hit by making these threats. it's not worth the risk to the bottom line, to be so political. didn't the ceo of papa john's realize that maybe democrats eat pizza as well? joining me tonight, the political editor of the progressive magazine, ruth...
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Nov 28, 2012
11/12
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CNBC
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we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequent
we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california...
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Nov 23, 2012
11/12
by
MSNBCW
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it is a critical geographical i economy here. people thought after the truce it would be safe enough to go to the fence. today proved otherwise. >> stay safe, buddy, appreciate that. next week lawmakers return home from the thanksgiving holidays to resume working on a deal to avoid the so-called fiscal cliff. despite optimism from both sides, they remain far apart on what to do about revenues with the white house saying the bush era tax rates should expire and republicans insisting any new revenues come from closing loopholes in the tax code. kristen welker joining us from the white house. he said the talks said to be stalled. what is the white house saying? >> reporter: they certainly know this is going to be a tough slog. certainly you had this sort of sense of bipartisanship after the leaders came to the white house. it seems as though that has gone awe with democrats digging in their heels on the issue of entit entitle. s and republicans on taxes. congress talking about some types of compromises, one that would include rollin
it is a critical geographical i economy here. people thought after the truce it would be safe enough to go to the fence. today proved otherwise. >> stay safe, buddy, appreciate that. next week lawmakers return home from the thanksgiving holidays to resume working on a deal to avoid the so-called fiscal cliff. despite optimism from both sides, they remain far apart on what to do about revenues with the white house saying the bush era tax rates should expire and republicans insisting any...